Advanced Engine Technologies Inc. Receives 30 Kw Generator Prototypes to be Coupled With Level 3 OX2 Engine

LOS ANGELES, July 12 -- Advanced Engine Technologies Inc. (AET), a leading firm in the research and development of internal combustion engines, announced today that it has received two of the three 30 Kw Integrated Generator prototype units contracted by AET from Danotek Motion Technologies. These 30 Kw generator prototypes will couple with the re-engineered and improved Design Level 3 OX2 engine.

"This new OX2 30 Kw integrated generator unit is about the size of a small apartment refrigerator," said John Luft, AET's Chief Operating Officer. "Its compact size and reduced weight will bring a new level of portability and use to the 30 kilowatt generator market."

The new 30 Kw generator prototype maintains the same diameter of the OX2 engine, while adding approximately 12 inches to the overall length. Testing on the generator is scheduled to begin in August, with the first demonstrations of these prototypes scheduled for the fourth quarter of 2005 pending final testing, certification and market evaluations.

With the U.S. increasing efforts to reduce its reliance on foreign oil, the completion of this phase of the OX2 engine/generator development proves to be timely as the OX2's multi-fuel platform is expected to provide consumers with real alternative fuel options.

Investor inquiries can be directed to the company at (310) 914-9599. To update the investment community and all interested parties about the progress of the OX2 engine, Advanced Engine Technologies has established a hotline at 310/323-2895. Additional information pertaining to the OX2 engine can be accessed through the company's Web site at www.ox2engine.com.

About Advanced Engine Technologies Inc.

Incorporated in the State of Colorado, USA, Advanced Engine Technologies Inc was formed to commercialize the OX2, a state-of-the-art, uniquely designed, internal combustion engine. AET's mission is to successfully achieve commercial introduction of the OX2 engine and the subsequent licensing of the OX2 engine technology to approved manufacturers. Racing legend and Automotive Hall of Famer, Carroll Shelby leads the charge of the OX2 as Director and President of AET. Under Shelby's leadership, AET has assembled a "World Class" team of directors, officers and management from various industries and disciplines. This team's diverse experience combined with Mr. Shelby's years of knowledge, industry savvy and drive create an unstoppable force behind the OX2 engine.